America's Economic Future – A Discussion By Ted Kavadas
It strongly appears as if many taxes will increase at all levels (Federal, State, Local) in the near future. We, as a nation, are in a quandary as taxation needs to increase if we hope to narrow deficits and debt; yet at the same time the adverse economic effects of these increases may be large, …
On October 16 I wrote a post titled “Tax Increases And Our Economic Situation.” That post can be found at this link. Some may wonder what tax increases I am referring to, as at least headline tax rates have yet to increase in many areas. Tax increases have been deferred for many reasons. Among these …
On Saturday The Wall Street Journal had an editorial titled “Escape from Taxation.” The link is here. In the editorial, it is mentioned that higher-income people are moving out of New Jersey as the tax rate is increased. In my article “America’s Trojan Horse” found at this link, I discussed the widely-held fallacy that debt …
Lately there has been quite a bit of activity in either increasing or proposing increasing taxes (also increases in fees, fines, etc). This activity is occurring at all levels, i.e. local, state, and national. These tax increases are very noteworthy given our current period of economic weakness. I will be addressing various aspects of this in the future. For …